Thai Rice Farmers Threaten Protests

By

Warangkana Chomchuen

June 19, 2013 8:24 a.m. ET

BANGKOK—Thailand's rice farmers are threatening street protests after the country's government said Wednesday it would cut the size of a multibillion-dollar rice subsidy by 20% in a bid to curb mounting losses from the controversial program.

Prime Minister Yingluck Shinawatra's government approved proposals to reduce the top price at which it buys rice from the country's farmers to 12,000 baht, or $390, a ton starting June 30...